x
By submitting, you're allowing YAFC Team to email you regarding available listings. You can unsubscribe anytime.

x

Burger King, Lampasas, TX

Burger King

Price $2,200,000
Cap Rate
NOI
Lease Term 20 Years
Lease Type Absolute NNN, With Tenant Responsible For All Taxes, Insurance, And Maintenance, Including Roof, Structure, And Parking Lot
Rental Increases 10% Rental Increases Every Five Years
Year Built 2020
Building Size 2,866 SF
Lot Size 0.62 Acres (27,007 SF)
Status Sold
Lead Broker Information Scott Crowle
Senior Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Michael T. Yuras, CCIM
Cushman & Wakefield
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Vincent Aicale
Cushman & Wakefield
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Cushman & Wakefield
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

LONG-TERM ABSOLUTE NNN LEASE
» 20-year absolute NNN lease with no landlord management, providing an ideal investment for an out-of-area investor
» 10% rental increases every five years, providing a hedge against inflation
» Full-term personal guaranty with a net worth of over $25 million
» Burger King has iconic brand recognition as the word’s second largest fast food hamburger chain

HIGH-TRAFFIC LOCATION IN DENSE RETAIL CORRIDOR
» 17,900 AADT directly in front of the property on North Key Avenue/U.S. Route 281
» Located on U.S. Highway 281, Lampasas’ primary retail and transportation corridor
» Nearby access to U.S. Route 190 and U.S. Route 183

NEAR LARGE SCHOOLS, EMPLOYERS, AND COMMUNITY HUBS
» Within three miles of Lampasas High School (1,030 students), Lampasas Middle School (741 students), Hanna Springs Elementary School (616 students), and Kline Whitis
Elementary School (424 students)
» Less than one mile from Lampasas’ two largest employers, Lampasas Independent School District (530 employees) and Ajinomoto Foods (380 employees)
» Walking distance from AdventHealth Rollins Brook hospital (25 beds, 111 employees, $50 million in annual total patient revenue)
» Immediate access to Lampasas Football Stadium, Turner Field Park, Hanna Springs Sculpture Garden, Boys & Girls Club of Lampasas, and Hancock Springs Park

NEW 2020 CONSTRUCTION
» New 2020 construction featuring drive-thru, providing additional customer convenience and boosting sales revenue
» High-quality brick and stucco finishes over a wood frame
» Built to latest Burger King prototype
» Located in an income tax free state



Property Description

SOLD

The property is strategically located on North Key Avenue/U.S. Route 281, with excellent visibility and access to 17,900 vehicles per day directly in front of the property. U.S. Route 281, known as North Key Avenue within Lampasas, serves as the city’s primary retail and transportation corridor. U.S. Route 281 is also a major north–south thoroughfare within Texas and the United States, connecting Mexico and Canada. The property also has nearby access to U.S. Route 190 and U.S. Route 183.

Visibility is increased by the site’s proximity near large schools, employers, and community hubs. The location resides less than one mile from Lampasas’ two largest employers, Lampasas Independent School District (530 employees) and Ajinomoto Foods (380 employees). The site is within three miles of Lampasas High School (1,030 students), Lampasas Middle School (741 students), Hanna Springs Elementary School (616 students), and Kline Whitis Elementary School (424 students). The property is walking distance from AdventHealth Rollins Brook hospital (25 beds, 111 employees, $50 million in annual total patient revenue) and has immediate access to multiple community hubs including Lampasas Football Stadium, Turner Field Park, Hanna Springs Sculpture Garden, Boys & Girls Club of Lampasas, and Hancock Springs Park.

Contact Us About This Property

JOIN OUR
EMAIL LIST
SUBSCRIBE
Receive Our Latest Single and Multi-Tenant Listings
close-link